Shigesuke Kashiwagi, former chief financial officer of Nomura Holdings, is Schroders’ new president and country head of Japan.
Kashiwagi will remain in Tokyo and report to Lieven Debruyne, chief executive officer of Schroders’ Asia Pacific division. He replaces Guy Henriques, who will return to the UK from Tokyo.
Kashiwagi will be charged with driving the firm's expansion plans in the region. A spokesperson said the firm expected Prime Minister Shinzo Abe's reforms to produce significant growth moving forward.
Kashiwagi joined Nomura Securities in 1982, and has worked in a number of its international offices, including New York where he was a fixed income trader. He later became chief executive officer of Nomura’s American division.
He left the firm abruptly in March this year, in advance of a major overhaul of the bank’s senior management structure.
Schroders manages assets of £324.9 billion (€415 billion), as of March 31, 2016.
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